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COLR — Colruyt NV News Story

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Colruyt falls after half-year results miss expectations

** Shares in Belgian food retailer Colruyt COLR.BR are down 3.9%, paring losses after falling as much as 8.6%, after its H1 earnings missed expectations

** "Sales were in line with our expectations whereas market share loss and drop in profitability were both a bit worse," says Degroof Petercam

** Colruyt reports H1 EBITDA of 422 million euros ($494 million) and maintains FY EBIT guidance of 470 million euros

** "We consider this as too ambitious," says the analyst, noting the guidance implies a "too" strong H2

** Including Wednesday's losses, the shares have dropped 13.6% YTD​

($1 = 0.8535 euros)

(Reporting by Dimitri Rhodes in Gdansk)

((Dimitri.Rhodes@thomsonreuters.com))

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